MOL PLUS  announced its plans to build synergies between MOL Group and startups through participation in Smart Port Challenge2022 as PIER71TM’s Venture.

On 20 May 2022, PIER71TM launched Smart Port Challenge 2022, now in its sixth year, which is organized by the Maritime & Port of Authority of Singapore and NUS Enterprise, the entrepreneurial arm of the National University of Singapore . Smart Port Challenge 2022 is organized for startup enterprises to propose solutions for issues in five fields: “Smart Ports,” “Smart Ships,” “Crew Safety, Training and Wellbeing” “Smart Maritime Services and Logistics” and “Green Technology”.

MOL PLUS aims to produce a synergetic effect on startup enterprises’ innovative ideas and technologies and MOL Group resources and create new businesses that “PLUS new value to ocean shipping industry and society,” through participation in the Smart Port Challenge eco system, which brings together maritime- related startups.